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The New Economy Macroeconomics : The Late Golden “Age of Diminished Expectations”? = Yeni Ekonomi Makroekonomisi : Son Altın “Azalan Bekleyişler” Çağı?

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Author(s): Bilal SAVAŞ

Journal: Dogus University Journal
ISSN 1302-6739

Volume: 5;
Issue: 1;
Start page: 109;
Date: 2004;
Original page

Keywords: New economy | Productivity growth | Information and communication technology (ICT) | Yeni ekonomi | Üretkenlik büyümesi | Enformasyon ve komünikasyon teknolojisi (EKT)

ABSTRACT
The remarkable economic success of the US in the late 1990s led many economists to talk about a 'New Economy', according to which technological advances had brought on a higher sustained level of productivity growth that allowed faster economic growth with less inflation, and very low unemployment. But given the events since 2000-the long, steep stock market downturn, the falloff in business investment and the subsequent recession-many questions arose based on whether anything in the New Economy view is valid. This essay provides a detailed overview of the main issues, many of them closely linked to the rise of the Internet.

Tango Jona
Tangokurs Rapperswil-Jona

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